Aside from the general myth of privatization being more efficient its misaligned incentives - the company gets paid more the longer it takes, they aren't incentivized to hire (really outsource to) competent programmers.

The notion they have some higher moral purpose is absurd.

They make the hardware for every western smartphone camera. They also have movies, music, etc.

Given that the output of an llm cannot be copyrighted, if source code leaks these companies won't be able to assert ownership.

Actually most of the gains in the Gamestop "short squeeze" was actually retail investors piling on driving the price up. So the people who made money largely did so on the backs of later investors which does sound a lot like a Ponzi or just a typical pump & dump scheme.

Hey, don't let your facts get in the way of a Tesla puff piece. Its not like other manufacturers have been shipping electric semis for years.

There is a big difference between a handful of degenerate gamblers on the otherside of the planet and 75-million locals.

Corporations are already engaged in pretty heavy information hiding that really limits the ability of investors to evaluate businesses. For example one would think that the number of iphones sold would be pretty important to know.

In a lot of US & Canada sports betting was illegal until recent years.

You can just shorten the problem to gambling. Just look at the increase in vitriol aimed at professional athletes since gambling was allowed.

Counter culture and privacy has long been a topic of nerds. Heck, just look at defcon.

Like the goons running the government at the moment

Yea, I was wondering how far normal people would trust a vibe coded platform with something mission critical

I'd say it was designed as a marketing tool for the creators rather than something real.

The labels also extorted Spotify for a 7% stake at IPO.